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- k" n; j5 P) Q! F- y$ h. ]2 {# W原文:
+ f! H7 E4 \$ c' b) ?IMPORTANT POINTS TO REMEMBER IN FORECASTING: ?" c# }1 ]3 H# H% N2 ]
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TIME is the most important factor of all, and not until sufficient time has expired does any
+ a H& |# f7 b1 { Q1 x3 S$ Zbig move up or down, start. The Time factor will overbalance both Space and Volume.
3 l6 o1 C# n5 F3 ~When Time is up, space movement will start and big volume will begin, either up or down. 7 y* K) m- G; u7 q& \) W+ s" ]
At the end of any big movement – with monthly, weekly, or daily – Time, must be allowed : H. @' f7 c: g% i- n! W: |% ?
for accumulation or distribution.8 f2 S- c4 n( `$ E- Y
9 g, e! X& s3 s2 P l" r& cConsider each individual stock and determine its trend from its position, according to distance # C: [( h5 J) s4 f% A! w% a
in time from bottom or top. Each stock works out its 1, 2, 3, 5, 7, 10, 15, 20, 30, 50 and 60-
0 O0 }$ N6 J$ D# }year cycles from its own base or bottoms and tops, regardless of the movements of other - ^& L! q7 t) D6 W6 Q" K- p
stocks, even those in the same group. Therefore, judge each stock individually and keep up
5 }3 t" ?- u5 T+ f; A$ \: hweekly and monthly charts on them.
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& ^ D3 q' o$ n, U% X FNever decide that the main trend has changed one way or the other without consulting the / W) P3 r* L8 s' S
angles from top or bottom and without considering the position of the market and cycle of # {! K/ l4 T) F. G: v7 b( M+ Z
each individual stock.( O8 n1 D, S6 q
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Always consider the annual forecast and whether the big time limit has run out or not before 4 Q4 \# t( i+ k* j* ]0 K& K
judging a reverse move. Do not fail to consider the indications on Time, both from main tops 2 ?# E! d! J6 W- w5 r7 w6 j% b
and bottoms, also Volume of Sales and position on Geometrical Angles.) l9 P' O8 R+ {* S: V
9 o( ^5 `7 d, Q4 L' u7 MA daily chart gives the first short change, which may run for 7 to 10 days; the Weekly Chart
9 r! |" L" ?4 d! _! b Hgives the next important change in trend; and the Monthly the strongest. Remember, weekly
2 l( s1 X: z! }8 Ymoves run 3 to 7 weeks, monthly moves 2 to 3 months or more, according to the yearly cycle,
! U4 z I& i$ t9 ?1 Kbefore reversing.# p7 g& b+ W m! C1 p
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Yearly bottoms and tops: it is important to know whether a stock is making higher or lower $ x0 O+ L: L. \/ x. m) E
bottoms each year. For instance, if a stock has made a higher bottom each year for five years,
- u3 p5 P! T0 S! M7 Gthen makes a lower bottom than the previous year, it is a sign of reversal and may mark a long
; e) G0 Y0 Q4 y& F9 Gdown cycle. The same rule applies when stocks are making lower tops for a number of years , z* d+ o' o% r* T+ l
in a bear market.% E; B7 ?0 I. k# x: x
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When extreme advances or declines occur, the first time the market reverses over 1/4 to 1/2 of
1 D( B+ l+ d6 B3 T; b- Wthe distance covered in the previous movement, you consider that the trend has changed, at - x- z; O4 j% ~
least temporarily.- C$ R6 a: d& s. ~+ y; j
' l- F, F9 i. Z8 s7 QIt is important to watch space movements. When Time is running out one way or the other,
5 I7 }% Q1 E4 L. u6 ]9 Z* Z8 cspace movements will show a reversal by breaking back over 1/4, 1/3 or 1/2 of the distance of 9 B, T8 A' ?+ M
the last move from extreme low to extreme high, which indicates that the main trend has
+ v' P$ W3 r1 Kchanged.! S! k9 ~" F1 f8 Z
* I6 M( X8 y, p, }& d IStudy all the instructions and rules that I have given you; read them over several times, as : y5 r; K2 C; ] m8 N
each time they will become clearer to you. Study the charts and work out the rules in actual
1 }, U B8 n8 E* E" s2 ^; kpractice as well as on past performance. In this way, you will make progress and will realize 8 d: ~8 `7 t9 I/ t# Y" D% b7 ^
and appreciate the value of my Method of Forecasting.
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